Vestmark Advisory Solutions Inc. Cuts Stock Holdings in Autodesk, Inc. $ADSK

Vestmark Advisory Solutions Inc. reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 33.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,885 shares of the software company’s stock after selling 1,929 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Autodesk were worth $1,203,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ADSK. SouthState Corp lifted its position in shares of Autodesk by 500.0% during the first quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Costello Asset Management INC bought a new stake in Autodesk in the 1st quarter worth about $26,000. Close Asset Management Ltd purchased a new stake in Autodesk in the 1st quarter valued at about $27,000. Cheviot Value Management LLC bought a new position in shares of Autodesk during the 1st quarter worth approximately $27,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Autodesk in the 1st quarter worth approximately $27,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Up 0.5%

ADSK stock opened at $298.72 on Tuesday. The stock has a fifty day moving average of $313.47 and a 200-day moving average of $301.62. Autodesk, Inc. has a fifty-two week low of $232.67 and a fifty-two week high of $329.09. The company has a market capitalization of $63.63 billion, a price-to-earnings ratio of 61.85, a PEG ratio of 2.63 and a beta of 1.51. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 28th. The software company reported $1.46 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.99). The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. Autodesk’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period last year, the company earned $2.15 earnings per share. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. As a group, equities research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insider Buying and Selling at Autodesk

In related news, EVP Ruth Ann Keene sold 2,761 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $315.10, for a total value of $869,991.10. Following the completion of the transaction, the executive vice president directly owned 80,255 shares of the company’s stock, valued at approximately $25,288,350.50. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ayanna Howard sold 3,159 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $325.00, for a total transaction of $1,026,675.00. Following the sale, the director directly owned 4,393 shares in the company, valued at $1,427,725. The trade was a 41.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 35,386 shares of company stock valued at $11,433,201 in the last quarter. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ADSK. Piper Sandler increased their price target on Autodesk from $361.00 to $373.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Wells Fargo & Company upped their price objective on Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Rosenblatt Securities raised their target price on Autodesk from $345.00 to $355.00 and gave the company a “buy” rating in a research report on Friday, August 29th. UBS Group lifted their target price on Autodesk from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Finally, Barclays increased their price target on shares of Autodesk from $355.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $359.13.

About Autodesk

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.